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Awaiting price reaction for this filing.
Valiant Communications' Board has approved a bonus share issue in the ratio of 1:2, meaning 1 new equity share for every 2 existing shares held. The company will issue 38,14,030 bonus shares of face value ₹10 each, taking the total share count from 76,28,060 to 1,14,42,090. To fund this, approximately ₹3.81 crore will be capitalized from the company's Capital Redemption Reserve, Securities Premium and Retained Earnings (total available balance around ₹50.82 crore as of March 31, 2025). The bonus is subject to shareholder approval at the AGM on September 30, 2025, and shares are expected to be credited by November 2, 2025. The record date for eligibility will be announced separately.
Eligible shareholders will receive 1 additional share for every 2 they own, increasing their share count by 50% though the overall value of their holding should remain largely unchanged (ignoring any market reaction). The stock may see short-term price adjustment on the ex-bonus date, and bonus shares typically signal management's confidence in the company's financial position.